AUDUSD (long) breakout today - did anybody catch it? Lots of confluence

The pair has recovered the bearish gap over the weekend, immediate support at 1.2720 breaks below will further the decline.
 
Aussie has entered an upward correction movement, currently trading just above 0.73 level, but the pair still remains in the negative territory. Support level can be found at 0.72 level.
 
The trade war concerns weigh on the Australian dollar and the AUD/USD pair hit a fresh 20 month low today at 0.7166. The pair is trying to recover but yet 0.7200 area remains tough for the bulls. However, RSI is showing strong oversold conditions and as a result the pair might test the 0.7265 - 0.7339, before falling toward 0.6827.
 
The AUDUSD failed again to break above the 55 day EMA and above the upper band of the bearish channel shown on the daily chart. The drop is very consistent on the AUDUSD, but now that it has reached the 0.7200 level, the pair may find some support at that zone. Below the 0.7200 level, its next support could be the 0.7100 level. To the upside, the 0.7300 level may act once again as resistance in case of another correction attempt.

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